eBay Stock Rating Reaffirmed by TheStreet (EBAY)
eBay (NASDAQ:EBAY)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Monday, StockRatingsNetwork.com reports.
The analysts wrote, “eBay (EBAY) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, growth in earnings per share and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
A number of other analysts have also recently weighed in on EBAY. Analysts at Needham & Company reiterated a “hold” rating on shares of eBay in a research note on Thursday, January 23rd. Separately, analysts at Zacks reiterated a “neutral” rating on shares of eBay in a research note on Thursday, January 23rd. They now have a $57.00 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of eBay in a research note on Thursday, January 23rd. Twelve research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. eBay presently has a consensus rating of “Buy” and an average target price of $62.36.
eBay (NASDAQ:EBAY) opened at 54.94 on Monday. eBay has a one year low of $48.06 and a one year high of $58.04. The stock’s 50-day moving average is $53.61 and its 200-day moving average is $53.01. The company has a market cap of $71.128 billion and a P/E ratio of 25.04.
eBay (NASDAQ:EBAY) last released its earnings data on Wednesday, January 22nd. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.80 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the company posted $0.70 earnings per share. eBay’s revenue was up 13.5% compared to the same quarter last year. On average, analysts predict that eBay will post $2.99 earnings per share for the current fiscal year.
eBay Inc is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI.
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